Pebblebrook to buy LaSalle Hotel in $5.2 bln deal
September 06, 2018 at 09:31 AM EDT
U.S. hotel owner Pebblebrook Hotel Trust said it agreed to buy LaSalle Hotel Properties in a $5.2 billion cash-and-stock deal, a day after ditching a $4.8 billion all-cash offer from private equity firm Blackstone Group LP. (Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)